Solar panels increasing in popularity

Solar-panels-are-a-more-and-more-popular-option-in-Australia_157_63405_0_14090611_300More Australians are adopting solar panel technology at home, according to figures released by Roy Morgan this month.

Data shows almost one in six Australians have solar panels installed, and the benefits are twofold.

Not only are long-term cost savings a drawcard for having solar technology, but the panels are considered an environmentally-friendly option too.

More people seeing the light 

Between the March quarter in 2011 and the end of 2013, the number of Australians using solar more than doubled.

While 7.5 per cent of Australians had solar panels on their homes at the beginning of 2011, by the end of 2013, 16 per cent of people were using them.

“With utilities costs tipped to stretch household budgets even further over the next few years, this trend in solar panels ownership is likely to continue,” noted Roy Morgan Group Account Manager for Consumer Products Warren Reid.

Think ahead when buying or investing

Homeowners may consider installing the technology on their current home if they’re getting ready to sell and want to appeal to a wide range of buyers.

When purchasing a new property, buyers may wish to take into account whether installing solar panels is a feasible option in order to gain long-term benefits.

Investors may also cash in on the trend to make rental properties more appealing, as they think of ways to stand out and provide a valuable offering to tenants in order to boost their rental income.

While over three million Australians had solar panels on their home at the end of 2013 – a national average of 16 per cent – it appears that New South Wales is slower to catch on.

In the state, 11 per cent of people had soar panels at the end of 2013. This is a sharp contrast to the state with the biggest uptake – South Australia – boasting a figure of 28 per cent.

However, that doesn’t been that Sydney property buyers and investors can’t act now and adopt the technology for their future benefit.

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